BofA Securities: IPO Anchor Investments

IPOs anchored
16
2026 latest
Amount invested
INR 206.47 crore
at the anchor price
Median gain at open
0%
listing day, vs issue price
Opened above issue price
43.75%
share of these IPOs
At 30-day unlock
-5.54%
median, 15 IPOs
At 90-day unlock
+1.34%
median, 11 IPOs
Vs same-year IPOs
-11.59
percentage points; median gap at open

All 16 IPOs Anchored

IPOListedInvested (INR crore)Share of anchor bookSchemes Gain at openGain at closeAt 30-day unlockAt 90-day unlock
Jio Platforms28 October 2026100.12%1+21.36%+26.68%––
Elevate Campuses30 September 2026151.59%1-1.91%-10.79%-20.61%–
National Stock Exchange24 September 202650.07%1+0.84%+1.85%-5.01%–
ARCIL17 September 20268.453.84%10%-1.42%+0.40%–
Purple Style Labs7 September 2026289.15%1-6.96%-1.12%-8.91%–
Shadowfax Technologies28 January 20266.910.81%1-9.19%-11.31%-5.54%+25.01%
Swiggy13 November 202421.930.43%1+7.69%+16.92%+33.99%-7.15%
Hyundai Motor India22 October 202416.660.20%1-1.33%-7.16%-11.74%-7.29%
Tolins Tyres16 September 20241623.19%1+0.88%+5.93%-16.77%+3.69%
Sanstar26 July 202485.23%1+14.74%+21.13%+40.99%+27.75%
Krystal Integrated21 March 20241516.66%1+9.79%-0.30%+15.50%+1.34%
Popular Vehicles19 March 20246.523.62%1-1.97%-6.39%-15.95%-21.93%
Gopal Snacks14 March 2024157.73%1-12.47%-9.55%-18.17%-19.85%
RBZ Jewellers27 December 20231152.38%10%+5%+80.75%+54.75%
Yatra Online28 September 202382.29%1-10.21%-4.30%-6.51%-0.39%
EMS Limited21 September 20231515.57%1+33.67%+32.65%+50.95%+104.95%

"At 30-day unlock" and "At 90-day unlock" compare NSE's official close on the first trading day on or after allotment + 30 and + 90 days (the first day the shares can be sold) with the issue price. "–" means there is no figure: the date has not come yet, the IPO opened before 1 April 2022 (no 90-day lock-in then), or its allotment date is not on record.

Schemes and Entities Used

Mutual fund schemes are shown under their current name in AMFI's scheme list; other names are as printed in each IPO's anchor allocation letter to the exchanges. Mainboard IPOs listed in 2018 to 2026 whose anchor allocation letter we could read and reconcile: 485 IPOs. See the methodology.